Himax Technologies, Inc. Receives Consensus Rating of “Buy” from Brokerages (NASDAQ:HIMX)
Shares of Himax Technologies, Inc. (NASDAQ:HIMX) have been given a consensus recommendation of “Buy” by the eleven analysts that are covering the stock, Analyst Ratings Net reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $10.79.
A number of analysts have recently weighed in on HIMX shares. Analysts at Topeka Capital Markets reiterated a “buy” rating on shares of Himax Technologies, Inc. in a research note on Friday, August 8th. Separately, analysts at Bank of America upgraded shares of Himax Technologies, Inc. from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 5th. They now have a $7.60 price target on the stock, up previously from $7.00. Finally, analysts at Lake Street Capital upgraded shares of Himax Technologies, Inc. from a “hold” rating to a “buy” rating in a research note on Monday, August 4th.
Himax Technologies, Inc. (NASDAQ:HIMX) opened at 7.71 on Thursday. Himax Technologies, Inc. has a 52-week low of $5.70 and a 52-week high of $16.15. The stock’s 50-day moving average is $6.62 and its 200-day moving average is $9.33. The company has a market cap of $1.315 billion and a P/E ratio of 19.37.
Himax Technologies, Inc. (NASDAQ:HIMX) last released its earnings data on Thursday, August 7th. The company reported $0.14 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.14. The company had revenue of $196.40 million for the quarter, compared to the consensus estimate of $194.95 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. Analysts expect that Himax Technologies, Inc. will post $0.46 EPS for the current fiscal year.
Himax Technologies, Inc operates as an IC design house with LCD manufacturing capability. The Company focuses on display IC products for display device and offers LCD technical consulting to customers to provide them with value-added technical support and integrated solutions.
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